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Abandonment of FCFA: Senegal betrays Mali, Burkina Faso and …

Abandonment of FCFA: Senegal betrays Mali, Burkina Faso and …
Abandonment of FCFA: Senegal betrays Mali, Burkina Faso and …

Regarding the abandonment of FCFA, Senegal has just taken over Mali, Burkina Faso and Niger by making a statement that surprised many Internet users.

Despite the acerbic criticism of the Prime Minister of Senegal on the FCFA, it calms the game by sending a barely veiled message to Niger, Burkina Faso and Mali.

“The only factor that binds us to Europe is currency”argued the chief of the executive. However, he pointed out that “a country cannot shave everything suddenly” and advocated reflected change.

“Either the currency evolves, or we will take our responsibilities”he assured.

This statement echoes that of the Senegalese president who had presented options to break with the CFA franc, including the creation of a national currency in early April.

Bassirou Diomaye Faye also admitted that the transition could not be carried out quickly as the preoconous Bamako, Ouagadougou and Niamey.

This speech by Ousmane Sonko marks a new step in the strategy of “Economic decolonization” Prominated by the Prime Minister and reaffirms his desire to anchor sovereignty as a central pillar of government action.

In the past, Ousmane Sonko had already criticized the current monetary system, which forces African economies to limit their internal activity.

“Central banks have lost any exchange initiative to maintain this reserve rate, which compresses our savings,” he explained. He proposed “Restore the currency its functions as regulator and financing the economy”, By calling for a cautious outing of this bloodless system.

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